Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.184%
Price spread now: Bybit against Deribit−0.249%55s7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs+$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days+0.836%+$84 on $10k
+Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.249%, 7d avg −0.100%
=Funding pays, the price is against you. Bybit is 0.148% cheaper against Deribit than usual: you would sell low and buy high (spread −0.249% now, against its 7-day average of −0.100%). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.836% in total) that is about 30 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.2062 | 0 | get 0.0000% / 1h | 15m 21s | $220K | $117K | 50x |
| Short | Bybit DOTUSDT | 1.2032 | 0.0100 | get 0.0100% / 8h | 1h 15m | $24.7M | $18.3M | 75x |
Deribit DOT_USDC-PERPETUAL
Bybit DOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.249% → −0.100%
- −$14.82
- Slippage, 4 orders
- −$28.74
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.57
- Costs to cover
- 0.467%
- Break-even
- 20.5 days
Slippage from Deribit: live order book, 3 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 3 min ago | 3.72 bp | 13.0 bp −$13 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.41 bp | 9.6 bp −$10 | 21.1 bp −$211 | 68.7 bp −$6,873 | doesn't fit |
DOT on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2034 | −0.231% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2060 | −0.017% | $185K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2056 | −0.049% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.348% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0015% | 8h | 1.2036 | −0.216% | $9.5M | $23.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2044 | −0.147% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUALlong | 0.0000% | 1h | 1.2062 | long leg | $220K | $117K | 50x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2044 | −0.153% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0034% | 8h | 1.2036 | −0.216% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2040 | −0.182% | $246K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOT | +0.0100% | 1h | 1.2046 | −0.129% | $5.3M | $3.3M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2046 | −0.131% | $875K | $674K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2039 | −0.191% | $44.5M | $81.5M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.2032 | −0.249% | $24.7M | $18.3M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.2040 | −0.182% | $6.8M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2038 | −0.199% | $28.8M | $37.8M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2040 | −0.182% | $23.1M | $14.4M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2036 | −0.216% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2049 | −0.108% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2066 | +0.033% | $550K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2055 | −0.057% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2060 | −0.017% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2040 | −0.182% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2064 | +0.017% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2061 | −0.008% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2032 | −0.251% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2069 | +0.058% | $2.3M | $782K | 75x | as long as short |
| Phemex DOTUSDT | +0.0301% | 8h | 1.2070 | +0.066% | $2.2M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2042 | −0.163% | $23K | — | 100x | as long as short |
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]